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Teacher tax credit? Is it worth it to pay for the additional form or stay with basic turbo tax

 
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2 Replies

Teacher tax credit? Is it worth it to pay for the additional form or stay with basic turbo tax

What teacher tax credit are you asking about?  Do you mean the deduction if you are a K-12 teacher?  That is not an itemized deduction.  It does not go on Schedule A with itemized deductions such as mortgage interest.

 

TEACHER EXPENSES

Go to Federal>Deductions and Credits>Employment Expenses>Teacher (Educator) Expenses

 

https://www.irs.gov/taxtopics/tc458

 

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https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
AmyC
Expert Alumni

Teacher tax credit? Is it worth it to pay for the additional form or stay with basic turbo tax

The deduction is up to $300. You may have spent less. Determine that amount  you can claim times your tax rate and see if it is worth upgrading. For example, if you are in the 10% tax bracket, it would save you about $30 whereas if you are in the  35% tax bracket it would save you $105 and may be worth the upgrade.

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